According to a report by blockchain intelligence firm Crystal Blockchain, Ukraine has received $225 million in cryptocurrency donations since the start of Russia's invasion last year. These donations have been used to purchase crucial war supplies such as weapons, ammunition, and medical equipment. While the total amount of crypto donations has continued to increase, the monthly donation amounts have stagnated since late 2022 and never exceeded $10 million a month since May 2023. The majority of donations were in the form of USDT, followed by ether and bitcoin, and were primarily for humanitarian initiatives rather than military-oriented campaigns. On the other hand, Russia's military and paramilitary units have also been using crypto to receive material support, but these fundraising efforts have been more clandestine and have raised much smaller amounts.